Cummins First Multinational Corporation to Win Prestigious Mexico Export Award; Cummins' Mexican Subsidiary, CUMMSA, Increases Sales By More Than 50% While Doubling Net Profits

    COLUMBUS, Ind.--Dec. 10, 2001--Cummins, Inc. today announced that it is the first multinational corporation to be awarded Mexico's National Prize for Exports for its Mexican subsidiary, CUMMSA.
    CUMMSA manufactures new engine components and remanufactured engines. The primary aim of the award is to encourage Mexican-owned companies to engage in global business.
    Mexican officials praised Cummins Inc. as a model of globalization and described CUMMSA as "a unique multinational operation with a definite Mexican flavor." CUMMSA has increased its sales by more than 50% in the past three years, while more than doubling net profits per employee and net foreign exchange earnings.
    Steve Knaebel, President and General Manager of CUMMSA accepted the award from Mexican President Vicente Fox during an awards ceremony at the 9th Mexican Trade Congress on November 30, 2001.
    "I'm delighted to accept this award on behalf of our entire organization. CUMMSA's outstanding achievements are a testament to the passion, tenacity, entrepreneurship, continuous learning, and ethical conduct of our talented employees," said Knaebel.
    The awards ceremony was attended by former U.S. President George Bush and a number of prominent individuals from Mexican government and industry including; Ernesto Derbez, the Secretary of Economy, Claudio X. Gonzalez, Chairman of the Business Executives Coordinating Council, and Federico Sada, Chairman of the Mexican Council for Foreign Trade and Chairman of Grupo VITRO, one of Mexico's largest conglomerates.

    Cummins, headquartered in Columbus, IN, is the world's largest producer of commercial diesel engines above 50 horsepower. The company provides products and services for customers in markets worldwide for engines, power generation and filtration. Cummins reported sales of $6.6 billion in 2000. Press releases by fax may be requested by calling News on Demand (toll free) at 888-329-2305. Cummins home page on the internet can be found at http://www.cummins.com.